Exercise 14-3 Pronghorn Company uses a flexible budget for manufacturing overhead based on direct labor hours. Varlable manufacturing overhead costs per direct labor hour are as follows $1.00 Indirect labor 0.70 Indirect materials 0.20 Utilities will normally operate in a range of 7 Fixed overhead costs per month are Supervision $4,100, Depreciation $1,900, and Property Taxes $700. The company 10,900 direct labor hours per month. Prepare a monthly manufacturing overthead flexible budget for 2017 for the expected range of activity,using Increments of 1,200 direct labor hours fixed costs.) of activity, using increments of 1,200 direct labor hours. (List variable costs before PRONGHORN COMPANY Monthly Manufacturing Overhead Flexible Budget